Charter Buys Cablevision's Bresnan Unit For $1.625B

Cablevision Systems' (CVC) sale of its Optimum West business to Charter Communications (CHTR) for $1.625 billion in cash positions the New York-based cable TV firm to pay down debt, repurchase shares, possibly privatize, or put itself up for sale, analysts say. Cablevision and Charter announced the deal, expected to close in Q3, late Thursday. Cablevision had purchased Bresnan Communications in ...

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